Marathon Pulp Inc. (“Marathon”)

Receiver Information

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Status of the file as at April 13, 2009

On April 13, 2009, in accordance with the provisions of the BIA, the Receiver's notice and statement was issued.

[April 3, 2009]

On April 3, 2009, on the application by National Bank of Canada, as administrative agent and collateral agent (together, the "Agent") for the Bank, Laurentian Bank of Canada and Comerica Bank, Canada Branch (together, the "Lenders") an order was granted by the Ontario Superior Court of Justice Commercial List (the "Court"), pursuant to section 47 (1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c, B-3, as amended (the "BIA") and section 101 of the Courts of Justice Act, R.S.O. 1990 c, C.43, as amended (the "CJA"), that, among other things appointed PricewaterhouseCoopers Inc. as interim receiver and receiver (the "Receiver"), without security, of all of the assets, undertakings and properties of Marathon Pulp Inc. ("Marathon");

In accordance with the provisions of the BIA, the Receiver's notice and statement will be issued shortly.

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